Intraday Update: NSEASI Heads Northward on Gains in Banking Tickers

August 21, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.05%

Market movers: FLOURMILL (+4.88%), LIVESTOCK (+4.49%), SKYEBANK (-5.97%),

MANSARD (-4.88%)

Sector Performances: Banking (+0.47%), Consumer (+0.12%), Oil & Gas (-0.24%),


Market activity: Investors have exchanged 29m units of shares worth N582m so far today, a considerable decline in activity levels compared to this time on Friday. GUARANTY (+1.77%) is the most actively traded stock today with 6.6m units of shares accounting for 23% of total volume.

Likely close: The equities market looks likely to close the first trading session of the week positive driven by the gains in the banking sector, despite the dividend mark down on ZENITHBANK (-1.75%).